TOKYO (Reuters) - Japanese automotive chip maker Renesas Electronics Corp is hungry for more acquisitions amid a wave of megamergers in the industry and may need to issue equity shares sometime in the future to build its warchest, its CEO said on Monday.

Kure said Renesas, which bought U.S. chipmaker Intersil Corp for $3.2 billion this year, is constantly reviewing its list of potential acquisition targets, comprising around several dozen names in fields such as sensors and security.

To be ready for major acquisitions, Kure said the company would probably need to raise capital by issuing shares “at some point” in the future. “We want to be prepared to move when necessary,” he said.

According to data research firm IHS, Renesas had an automotive chip market share of 9.0 percent in 2016, ranking after NXP with 12.6 percent and Infineon Technologies with 9.5 percent.